Incident: Temporary Pause in Gemini Credit Card Applications Due to Technical Problems

Published Date: 2022-05-09

Postmortem Analysis
Timeline 1. The software failure incident with the Gemini Credit Card®️ occurred on Thursday, as mentioned in the article [127824]. 2. Published on date: 2022-05-09 3. Estimated timeline of the incident: The incident with the Gemini Credit Card®️ occurred on Thursday before the article was published on May 9, 2022. Therefore, the software failure incident likely happened on May 5, 2022.
System 1. Gemini Credit Card®️ application process [127824]
Responsible Organization 1. Gemini Credit Card®️ ([127824])
Impacted Organization 1. New users applying for the Gemini Credit Card®️ [127824]
Software Causes 1. The software cause of the failure incident was technical problems on Thursday, leading to the temporary pause in applications for the Gemini Credit Card [127824].
Non-software Causes 1. Inherent risk associated with new genre of crypto credit cards leading to technical delays and hiccups [127824].
Impacts 1. The software failure incident led to the temporary pause in accepting new applications for the Gemini Credit Card, affecting potential new users [127824]. 2. Existing and verified Gemini members were also impacted as they had to wait for the application process to resume after the technical problems [127824]. 3. The incident highlighted the inherent risks associated with crypto credit cards, including technical delays and hiccups, which can affect the overall customer experience [127824].
Preventions 1. Implementing thorough testing procedures before launching the application update could have helped identify and address any potential technical issues prior to deployment [127824]. 2. Conducting regular maintenance and monitoring of the application to proactively detect and resolve any emerging technical problems before they escalate [127824]. 3. Ensuring clear communication channels between the technical team responsible for the application update and the customer support team to promptly address any issues that arise during the update process [127824].
Fixes 1. Implementing a software update to improve the application process for the Gemini Credit Card [127824].
References 1. Gemini website 2. Gemini spokesperson 3. Linked status page mentioned in the article [127824]

Software Taxonomy of Faults

Category Option Rationale
Recurring one_organization, multiple_organization (a) The software failure incident related to the Gemini Credit Card®️ is specific to the Gemini company itself. The article mentions that the Gemini Credit Card temporarily stopped taking applications due to technical problems, indicating an internal software failure incident within the organization [127824]. (b) The article also mentions another example of a crypto card, the BlockFi Rewards Visa Signature Card, which had to eliminate access to BlockFi Interest Accounts in response to an SEC charge. This indicates that software failure incidents related to crypto credit cards are not unique to just one organization but can also occur with other companies offering similar products and services [127824].
Phase (Design/Operation) design (a) The software failure incident related to the design phase can be inferred from the article. The Gemini Credit Card®️ temporarily paused applications due to technical problems on Thursday, which required an update to the application process. This indicates that there were contributing factors introduced by system development or updates that led to the need for improvements in the application process [127824]. (b) The software failure incident related to the operation phase is not explicitly mentioned in the provided article.
Boundary (Internal/External) within_system (a) within_system: The software failure incident related to the Gemini Credit Card®️ application pause was due to technical problems within the system. The Gemini website mentioned that applications were temporarily paused to make an update to the application process, indicating an internal issue [127824].
Nature (Human/Non-human) non-human_actions (a) The software failure incident occurring due to non-human actions: The article mentions that the Gemini Credit Card®️ temporarily stopped taking applications due to technical problems on Thursday, suggesting a non-human factor contributing to the failure [127824]. (b) The software failure incident occurring due to human actions: The article does not provide specific information about the software failure incident being caused by human actions.
Dimension (Hardware/Software) software (a) The article does not mention any hardware-related failure incidents. (b) The software failure incident mentioned in the article is related to the Gemini Credit Card application process. The Gemini website stated that applications were temporarily paused to make an update to the application process, indicating a software-related issue [127824].
Objective (Malicious/Non-malicious) non-malicious (a) The articles do not mention any malicious intent or actions contributing to the software failure incident related to the Gemini Credit Card or the BlockFi Rewards Visa Signature Card. The issues seem to be related to technical problems, updates to the application process, regulatory requirements, and inherent risks associated with crypto credit cards [127824].
Intent (Poor/Accidental Decisions) (a) The software failure incident related to the Gemini Credit Card®️ was not explicitly attributed to poor decisions. The article mentions that the application pause was made to "further improve the customer experience" and to update the application process. It does not indicate any poor decisions as the intent behind the software failure incident [127824]. (b) The software failure incident related to the Gemini Credit Card®️ was not explicitly attributed to accidental decisions either. The article mentions that the application pause was due to technical problems and the need for an update to the application process. There is no indication of accidental decisions leading to the software failure incident [127824].
Capability (Incompetence/Accidental) development_incompetence (a) The article mentions technical problems on Thursday that led to the temporary pause in applications for the Gemini Credit Card. This could indicate a software failure incident possibly related to development incompetence [127824]. (b) The article also highlights the inherent risk in crypto credit cards, suggesting that technical delays and hiccups may occur along the way due to the evolving rules and regulations in the industry. This could point towards a software failure incident caused accidentally [127824].
Duration temporary The software failure incident mentioned in the article was temporary. The Gemini Credit Card®️ temporarily stopped taking applications from new users due to technical problems on Thursday. The pause was described as temporary to allow for an update to the application process, and applications were reopened to existing Gemini users who are fully verified [127824].
Behaviour crash, other (a) crash: The article mentions that the Gemini Credit Card application process was temporarily paused due to technical problems on Thursday, indicating a system crash where the system lost its state and was not able to perform its intended functions [127824]. (b) omission: There is no specific mention of the system omitting to perform its intended functions at an instance in the article. (c) timing: There is no indication in the article that the system performed its intended functions too late or too early. (d) value: The article does not mention the system performing its intended functions incorrectly. (e) byzantine: The article does not describe the system behaving erroneously with inconsistent responses and interactions. (f) other: The behavior of the software failure incident in this case is a temporary pause in the application process to make an update, which could be categorized as a planned maintenance or update to improve the customer experience [127824].

IoT System Layer

Layer Option Rationale
Perception None None
Communication None None
Application None None

Other Details

Category Option Rationale
Consequence property (d) property: People's material goods, money, or data was impacted due to the software failure The software failure incident related to the Gemini Credit Card®️ resulted in the temporary pause of applications for new users due to technical problems on the Gemini website. Existing and verified Gemini members were also affected by this pause in access. Additionally, the BlockFi Rewards Visa Signature Card had to eliminate access to BlockFi Interest Accounts in response to an SEC charge, impacting users' ability to earn interest on credit card crypto rewards [127824].
Domain finance (a) The articles mention the finance industry in relation to the software failure incident. The Gemini Credit Card, a crypto credit card, experienced technical problems leading to a temporary pause in applications for new users. The pause was attributed to the need to "further improve the customer experience" [Article 127824]. (h) The software failure incident is directly related to the finance industry. The Gemini Credit Card, a crypto credit card, had to temporarily pause applications due to technical problems in the application process, affecting the movement and manipulation of money for profit [Article 127824].

Sources

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